I wonder to what extent the current startup/business culture has this ability and willingness to admit large mistakes.
Most startup ideas are able to fail fast - you come up with various ways to test your minimal product and identify the market need, or pivot in case its not found.
However, there is a different category - hard things. Moonshot projects, e.g., in AI theory, may require a different approach. The market may not be ready to validate or even test your belief. And these setbacks probably should not shake you. You must work your way from an idea t... (read more)
I wonder to what extent the current startup/business culture has this ability and willingness to admit large mistakes.
Most startup ideas are able to fail fast - you come up with various ways to test your minimal product and identify the market need, or pivot in case its not found.
However, there is a different category - hard things. Moonshot projects, e.g., in AI theory, may require a different approach. The market may not be ready to validate or even test your belief. And these setbacks probably should not shake you. You must work your way from an idea t... (read more)